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- The GBP / USD pair fell sharply to a one-month low
The GBP / USD pair fell sharply to a one-month low
Today, during European trading, the GBP/USD pair fell sharply from $1.3325 to $1.3175, reaching an almost one-month low. The pair fell below the moving average line of MA (200) H1 ($1.3370) and on the four -hour chart - below MA (200) H4 ($1.3225). The support of $1.3165 may keep the pair from further decline. If it breaks through, the price may fall to $1.3105. The session high of $1.3380 represents a resistance level. If this level is passed, then GBP / USD may follow a correction to $1.3410. The most likely range of price movement for today may be hidden within the range of $1.3165-.$1.3325.
⦁ Resistance levels are: $1.3325, $1.3410, $1.3475
⦁ Support levels are: $1.3165, $1.3105, $1.2915-30
The main scenario for the pair's promotion - if the support of $1.3165 (November 16 low) is broken, the pair may fall to $1.3105 (November 12-13 low)
An alternative scenario - correction and growth to the session high of $1.3325
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